The Nigeria Customs Service (NCS) has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles.
Abdullahi Maiwada, spokesperson of the NCS, said in a statement on Friday that the directive is from the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
Part of the statement read: “To ease economic hardship and encourage compliance, the Honourable Minister and Coordinating Minister of the Economy have approved the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles.
“Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated
90-day timeframe.
The statement reads;
CANCELLATION OF 25% PENALTY ON IMPROPERLY IMPORTED VEHICLES
- The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles.
- To ease economic hardship and encourage compliance, the Honourable Minister and Coordinating Minister of the Economy have approved the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles.
- Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe.
ABDULLAHI MAIWADA
Chief Superintendent of Customs
National Public Relations Officer for
Comptroller General of Customs
22 March 2024.